4.7.6 Principal Payout Instruction as Special Amount Rollover

This topic explains the systematic instructions for adding the settlement payout for Principal Payout Instructions set as Special Amount Rollover in the Certificate of Deposit Payout Modification screen.

Note:

The fields marked as Required are mandatory.

To add settlement payout:

1. In the Payout Instructions section, select the No option from the Reinvest field.
2. From the Principal Payout Instructions field, select the Special Amount Rollover option.
3. In the Settlement details section, click Add Payout.
   The Add Payout Modes section is displayed.

   Figure 4-30 Add Payout Modes - Special Amount Rollover

   
   

   
   Description of "Figure 4-30 Add Payout Modes - Special Amount Rollover"

   
   
4. In the Add Payout Modes section, specify the fields. For more information on fields, refer to the field description table.

   Table 4-20 Add Payout Modes - Special Amount Rollover – Field Description

   Field	Description
   Principal Payout Instructions	Displays the principal payout instruction set for the account.
   Select Product	Select the product to define the rollover product at the account level. During rollover, the product defined at the account level will take precedence. The product drop-down fetches all active deposit business products with their product code, product name, and APY details.
   Tenor	Specify the tenor for payout in Years, Months, or Days.
   Select Payout Mode	Select the payout mode for the settlement. The options are: Account Instrument External Account Ledger For more information, refer Payout Modification - Payout Modes.
   Rollover Amount	Specify the rollover amount.
   Interest Payout Instructions	Displays the instruction set for the interest payout.
   Select Payout Mode	Select the payout mode for the settlement. The options are: Account Instrument External Account Ledger For more information, refer Payout Modification - Payout Modes.

5. Click Submit.
   The screen is successfully submitted for authorization.